Mining Blog & Mining News

Blog • 14 September 2020, Monday, 18:00

Crypto Listing and Delisting Announcements: Week 37

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. __ Bibox Listings: Alchemy Pay (ACH) Loopring (LRC) Phala (PHA) Sun Token (SUN) Bilaxy Listings: Perpetual Protocol (PERP) Xfinance (XFI) PYLON (PYLON) CreedToken (CREED) SakeToken (SAKE) PickleToken (PICKLE) BNSD Finance (BNSD) Minis...

Blog • 14 September 2020, Monday, 04:00

How Game Theory Helped a Swiss Entrepreneur Overcome the Financial Crisis: A Success Story

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Benjamin Franklin, an American politician, inventor and writer, said: "If you know how to spend less than you get, then you have the Philosopher's Stone. The hero of today's rubric does not have a philosopher's stone, but he knows exactly how to rise from the ashes after serious losses and move on. Undoubtedly, it is an integral part of everyday life, but when it comes to falling markets or a globa...

Blog • 13 September 2020, Sunday, 08:00

Why DeFi Isn’t Always As Decentralized As You Might Think

With the word ‘decentralized’ in its name, you’d think that DeFi (decentralized finance) would be pretty decentralized. If a platform claims to be DeFi, this should mean that it isn’t under the control of any single party or entity, and that it operates as a function of a large and dispersed number of individuals. However, ‘decentralization’ can mean a variety of things in crypto, and DeFi is no exception in this regard. Some DeFi platforms are more decentralized than others, while some are dec...

Blog • 12 September 2020, Saturday, 06:00

Cooking, Slicing, Trimming, Merging, Migrating, and 20 Crypto Jokes

This crypto week, bitcoin price dropped, and so did the mining difficulty, and we learned that "exclusive mining" can also be used for tax evasion and money laundering. Then, SUSHI trimmed some of its losses after FTX CEO agreed to take over the admin keys from Chef Nomi, and then SushiSwap migrated from Uniswap to its own decentralized exchange, taking hundreds of millions of dollars in liquidity with it. Also, somebody sent USD 1m to Swerve Finance contract, Binance revealed a new feature to p...

Blog • 10 September 2020, Thursday, 16:00

DeFi Unlocked: How to Earn Crypto Investment Income on Compound

DeFi (decentralized finance) has emerged as the hottest crypto trend of the year, with the total amount of US dollars locked in decentralized finance protocols surpassing USD 9bn on September 1 before correcting lower. In our new “DeFi Unlocked” series, we will introduce you to the different ways you can earn investment income in the booming decentralized finance market. In part one of our DeFi series, you will discover how to earn interest on cryptoassets by placing them into the Compound (CO...

Blog • 10 September 2020, Thursday, 14:00

Justin Sun's Tron Scores New DEX Partnership + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Binance Labs and other prominent investors-backed one-year-old DEX aggregator 1inch said it partnered with Justin Sun's Tron (TRX) for JustSwap and Mooniswap integration. 1inch will fully integrate with JustSwap, Tron’s decentralized trading protocol, while 1inch's Mooniswap, a next-generation automated market maker, will i...

Blog • 10 September 2020, Thursday, 08:00

As SushiSwap Drains Liquidity From Uniswap, Aave Leads In DeFi

Following SushiSwap (SUSHI)'s completed migration from the major decentralized exchange Uniswap to its own decentralized exchange, taking hundreds of millions of dollars in liquidity with it, Uniswap fell from the throne of dominance, with crypto lending protocol Aave (LEND) sitting in its place - at least for now. DeFi Pulse shows total value locked (TVL) to be USD 7.17bn, with Aave flipping Uniswap, given the latter's drop from the 1st to the 9th spot. Aave itself currently has USD 1.5...

Blog • 09 September 2020, Wednesday, 14:00

Chinese Tech Giants to ‘Do Battle’ for Blockchain Talent + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news A Chinese blockchain talent acquisition battle has begun, with heavyweight tech giants like Tencent, Baidu and Alibaba in direct competition for a small group of top blockchain experts, per Sohu. The media outlet stated that the Big Data Research Institute at the recruitment firm Lagou’s latest report on the state of employment in...

Blog • 09 September 2020, Wednesday, 08:00

Blockchain Adoption Lacks Evidence, Firms Use It For Non-Existing Problems - Report

Blockchain is used by a number of companies that do not have clearly defined problems they claim to have solved with the novel technology, according to a recent report. It concluded that nearly half of the examined companies showed no evidence of a problem solved. The Centre for Evidence-Based Blockchain (CEBB), operating under the auspices of the British Blockchain Association (BBA), a non-profit established in 2017, published a peer-reviewed paper with a focus on "evidence-based blockchain" (E...

Blog • 09 September 2020, Wednesday, 06:00

Venezuela Reportedly Blocks its Citizens from Accessing Coinbase

Reports from Venezuela appear to indicate that the government has blocked the United States-based major crypto exchange platform Coinbase. The claims were made by multiple Twitter users, although the government is yet to make a statement on the matter. Venezuela-based internet tech group Venezuela Inteligente shared screenshots that appeared to show that Coinbase access was blocked, as well as the MercaDolar platform, another USA-based firm. The latter offers remittance and foreign exchange serv...

Blog • 08 September 2020, Tuesday, 18:00

If You Can't Stand the DeFi Heat - Get Out of the Sushi Chef's Kitchen

Jay Hao is the CEO of crypto exchange OKEx. _ We saw a lot of action over the weekend in what played out as one of those adrenaline-packed high-drama movies the likes of which crypto hasn't witnessed in recent times. We all watched on popcorn in hand as [decentralized finance] DeFi's new darling SushiSwap tanked 60% in 24-hours after its anonymous creator Chef Nomi converted all his SUSHI to Ethereum (ETH) in a move not unreminiscent of Litecoin (LTC)'s Charlie Lee from the days of o...

Blog • 08 September 2020, Tuesday, 12:00

Ukraine, Russia, Venezuela Beat China & US in Crypto Adoption + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Ukraine, Russia, and Venezuela have taken three top spots in the Global Crypto Adoption Index, announced by Chainalysis today. "While trading and speculation are important to the cryptocurrency economy, we wanted our index to emphasize grassroots adoption by everyday users," the blockchain intelligence firm said. Their intention is to highlight t...

Blog • 07 September 2020, Monday, 10:00

Bitcoin Mining Difficulty Drops While BTC Slips Below USD 10K Again

Following a month of rising Bitcoin (BTC) mining difficulty, the first adjustment in September saw the difficulty drop - though it still remains at the second-highest level in the network's history. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, dropped 1.21% today, but it was not enough for it to drop out of the 17 T level. It's now sitting at 17.35 T. The all-time high was reached just last adjustment, at the end of August, thanks to a rise ...

Blog • 07 September 2020, Monday, 08:00

Chainlink, Binance Coin Weekend Rally Stalls On Monday

On Monday, chainlink (LINK) and binance coin (BNB) corrected some of their gains gathered in a post-crash rally this past weekend. While BNB jumped by around 20% in a matter of three hours yesterday, LINK increased by 35% during the weekend. At pixel time, (11:28 UTC), LINK corrected some of its gains in a day and is now up by 0.7%, to USD 12.06. The price is still down by 27% in a week. At the same time, BNB dropped by 4% in a day and 7% in a week, trading at USD 21.6. The gains for LINK today...

Blog • 07 September 2020, Monday, 06:00

'Exclusive Mining' Can Be Used for Money Laundering & Tax Evasion - Report

Cryptoasset miners are incentivized to keep transactions secret, said a recent paper, warning that the type of mining called "exclusive" allows them to do so while it can also be used for tax evasion and money laundering. "The authors observe that blockchain nodes have no incentive to forward new transactions to their peers. In fact, miners have an incentive to do the opposite and keep transactions secret in the hope of being the only one who can earn the associated transaction fees," said in a...

Blog • 05 September 2020, Saturday, 08:00

A Whole Lot of DeFi and 20 Crypto Jokes

In DeFi news: the DeFi boom may be prompting the growth of a BTC-ETH bridge, a new item was served on the DeFi table - SushiSwap, Mike Novogratz said that the DeFi frenzy proves the power of bitcoin and warned of a possible correction, and after criticizing yield farming again, Vitalik Buterin revealed his vision for a new DeFi project. Also, according to Craig Wright, DeFi, Chainlink, DEXs, and stablecoins, are all a scam. In rest of the market news: Bitcoin upped its dominance, altcoins went ...

Blog • 04 September 2020, Friday, 18:00

Vale Makes Blockchain-powered Iron Deal with Chinese Firm + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news Brazilian mining giant Vale has completed its first blockchain-powered iron ore sale to Chinese steel giant Nanjing Iron and Steel, per a press release and a report from media outlet NetEase. The steel producer is based in Jiangsu Province and is part-owned by the Chinese state. Vale said that the deal saw it ship 176,000 tons of ...

Blog • 04 September 2020, Friday, 16:00

Binance Coin is Undervalued, KuCoin Shares Overvalued - TokenInsight

Certain exchange platform tokens like binance coin (BNB) are undervalued, while others, like kucoin shares (KCS) are overvalued, according to the latest report by token data and rating agency TokenInsight. Some, however, have 'left' their grade at the time of the writing. The report noted that providing accurate valuations properly in the crypto industry is difficult, but that when it comes to the exchange tokens, the value can be "fairly evaluated due to inherent properties of "stable ...

Blog • 03 September 2020, Thursday, 22:00

SBI Plans Blockchain-based Digital Securities Exchange Launch

Japanese financial giant SBI Holdings has announced plans to launch blockchain technology-powered digital securities exchanges. Per Nikkei, the plan is the brainchild of SBI’s chief executive Yoshitaka Kitao. The CEO is also the head of Japan’s largest and fastest-growing securities token offering (STO) body and a member of the Ripple board. The exchanges, said Kitao, would be located in two new “smart city” fintech hubs to be built in Kobe, Hyogo Prefecture, and Osaka – Japan’s second-largest c...

Blog • 03 September 2020, Thursday, 16:00

Blockchain Summit Global 2020 Will Take Place On September 3-4

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Since 2018, we have held the Blockchain Summit event in Montevideo every September with a great call and very prominent speakers. The 3rd Edition has touched us in times of pandemic ... and has made us redouble our creativity, our passion and our enthusiasm. And in addition to many new features, there has been a fantastic evolution. Our event has become mainly VIRTUAL, also adding a face-to-face modality that w...

Blog • 03 September 2020, Thursday, 14:00

Russian Ministry’s Crypto Mining Plans ‘a Cause for Concern’

The Russian Ministry of Finance wants to ban crypto miners from receiving token rewards leading to what newspaper Izvestia has called “a de facto ban on the circulation of cryptoassets in Russia.” The newspaper said it has seen Ministry of Finance-drafted legislation proposals pertaining to a forthcoming crypto law that politicians claim may be ready for parliamentary debate as early as this month. However, it may still be too early to ring the alarm bells, however, as the document appears to be...

Blog • 03 September 2020, Thursday, 12:00

Yearn.finance's yETH Vault Getting Filled With Ethereum

The yETH vault from yearn.finance (YFI), a vault for yield farming with ethereum (ETH), was launched a day ago, and it's growth could hardly go unnoticed. The Cryptoverse is today focused on the yETH vault, and particularly its overnight growth. People were commenting on it holding ETH 215,000, or "0.2% of all ETH in 1 day" just several hours ago. Now (13:32 UTC), looking into the vault, we find the balance of ETH 345,129, with the value of nearly USD 142m. Per etherscan.io too, wrapped ET...

Blog • 03 September 2020, Thursday, 10:00

Trezor Fixes New Vulnerability, KeepKey Working On It; New Malware Targets Wallets

Swiss hardware wallet provider Shift Crypto said it has disclosed a vulnerability in the Trezor and KeepKey hardware wallets that could allow for potential ransom attacks – while a potentially nasty new malware strain is threatening to cause widespread wallet theft if left unchecked. The vulnerability can potentially be exploited when users enter passphrases on their devices. And researchers at cybersecurity firm ESET have discovered a previously undocumented trojan malware family which spreads ...

Blog • 03 September 2020, Thursday, 08:00

Bitcoin Miners Sold 63% More Coins Than Generated In a Day

With yesterday’s correction in ethereum (ETH) and many DeFi tokens also spilling over into bitcoin (BTC), bitcoin miners sold BTC 844 (USD 9.5m) in a day, or 63% more coins than they generated in the same period of time. Also, according to data from ByteTree, miners have continued to offload more bitcoin than they have mined this week, with a net outflow of BTC 812 recorded for the past 7 days. The level of weekly outflows from miners follows roughly in line with figures from last week, although...

Blog • 02 September 2020, Wednesday, 14:00

Ethereum Might Face Supply Squeeze - Researcher

With the roll-out of staking on Ethereum (ETH), as well as DeFi protocols like yearn.finance (YFI) introducing ETH vaults, the market for the second-most valuable cryptoasset may be about to get significantly tighter, US-based crypto research firm Delphi Digital has warned. The case for what appears to be a perfect storm for the price of ETH was laid out by Alex Gedevani, a researcher at the firm, in a report published yesterday. He noted that “ETH leveraged in DeFi has surged to $6.3 million,” ...

Blog • 02 September 2020, Wednesday, 08:00

Prompted by Booming DeFi, a Bridge Between Bitoin and Ethereum is Growing

Following a recent massive rise of decentralized finance (DeFi) projects - and because of it - some analysts expect wrapped bitcoin to continue being a growing bridge over which bitcoin (BTC) would be ported to Ethereum (ETH). Crypto market data provider Messari noted a stablecoin migration to Ethereum "en masse, making fiat value interoperable with ETH based applications." To this, they added: "Now, drawn by the allure of Ethereum’s booming DeFi ecosystem, we’re beginning to see a similar tren...

Blog • 02 September 2020, Wednesday, 06:00

Tron Wins the Daily Market as JustSwap Shows Arguable Volume Change

Tron network's native coin TRX is continuing its rally, reaching the coveted spot of the top daily performer among the top 40, as well as the top weekly performer among the first 20 coins by market capitalization. This comes as Tron's founder Justin Sun pointed to the rising rank of the recently-launched decentralized and Tron-powered token swap protocol JustSwap, as well as its rising daily trading volume - an increase with a discrepancy in numbers, and which some find questionable. Th...

Blog • 01 September 2020, Tuesday, 12:00

After Bashing Yield Farming, Buterin Offers a 'Billion Dollar' DeFi Idea

After criticizing yield farming once again and looking for a “least favorite DeFi project”, Ethereum (ETH) Co-founder Vitalik Buterin revealed his own vision for a new decentralized finance (DeFi) project. This time, it’s about forking Maker (MKR). “All I want for [DeFi] is for someone to fork Maker, rip out the governance and replace it with automated interest rate targeting, rip out the [Dai Savings Rate] and have the token itself just target ‘index * (1 + interest_rate)**time,’ and generalize...

Blog • 01 September 2020, Tuesday, 10:00

Bermuda and Stablehouse Join Forces To Launch New Stablecoin

The government of Bermuda has teamed up with stablecoin platform Stablehouse to launch a test pilot program for a stablecoin, which the territory calls a digital stimulus token, allowing purchases of food and other essential products, as well as services from participating merchants and retailers. Local authorities hope the initiative could help remove some of the challenges and costs associated with local payment options. The offered token is based on Blockstream’s Liquid blockchain protocol, m...

Blog • 01 September 2020, Tuesday, 06:00

Tron Soars as Genesis Mining of New SUN Tokens is Confirmed

As Justin Sun’s plan of driving more decentralized finance (DeFi) projects to the Tron blockchain moves one step forward, Tron’s native token TRX stands out as one of today’s top performers in the crypto market. As of 9:00 UTC today, TRX was up by nearly 14.5% over the past 24 hours, trading at USD 0.0298. The gains made the coin the second-best performer among the top 20 cryptoassets by market capitalization, closely following the recently hot Polkadot (DOT) token, which saw a gain of nearly 16...

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